At present, it takes about 15 days from issue closing to allotment of shares and seven more days for listing of the company.
When contacted, Deepak Parekh, Chairman of the committee declined to give details of the meeting. Sebi Chairman C B Bhave has expressed himself in favour of shortening the entire IPO process from issue closing to listing to just five days. The regulator is also understood to be discussing the issue with merchant bankers.
Another issue on the agenda was with regard to Qualified Institutional Buyers (QIBs), where again, the market regulator is understood to be considering reducing the time limit during which QIBs can apply when an IPO is open for subscription.
Press Trust of India
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